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Phillips Curve and Supply Shocks
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Phillips Curve and Supply Shocks
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20. Tradeoffs Between Inflation and Unemployment / Phillips Curve and Supply Shocks / Problem 1
Problem 1
What does 'double jeopardy' mean in the context of supply shocks?
A
It refers to the simultaneous increase in both inflation and unemployment.
B
It refers to the increase in inflation and decrease in unemployment.
C
It refers to the simultaneous decrease in both inflation and unemployment.
D
It refers to the decrease in inflation and increase in unemployment.
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